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June 2017 Archives

Mortgages and liabilities present property division problems

When a Colorado couple works through a divorce, they must manage many difficult legal matters. The parties must determine if and how they will seek spousal support. If they have kids, the ex-spouses must establish a child custody schedules that will meet their kids' best interests and support payments that will be sufficient to pay for their children's needs. They must also decide how they will separate their marital property and handle the debts they took on as a couple.

A separate inheritance may stay separate during divorce

Often, individuals may consider if and how they should pass along gifts of money or property to those loved ones who will outlive them. When a Colorado resident receives money or property during the probate process, it is considered an inheritance. Although particular facts and circumstances may shift an inheritance from the sole property of an individual to the marital property of a couple, inheritances generally are considered separate property when it comes to dividing property during a divorce.

One may pursue financial maintenance from an ex

A flood of questions and concerns can dominate a Boulder County resident's mind when they decide to file for divorce. For example, they may wonder how their kids will take the news of their ending marriage or if they will be able to manage on their own. They may have concerns about their soon-to-be ex-spouse causing problems for them during the divorce process.